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2024-12-31-accounts

Registered number: 09563066 Charity number: 1164377

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 5
Independent auditors' report on the financial statements 6 - 9
Consolidated statement of financial activities 10
Consolidated balance sheet 11
Company balance sheet 12
Consolidated statement of cash flows 13
Notes to the financial statements 14 - 27

(A company limited by guarantee)

UOHC FOUNDATION LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Mr M Lobenstein Mr J Schonberg Mr M Just

Company registered number 09563066 Charity registered number 1164377 Registered office 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX Principal operating 140 Stamford Hill office London N16 6QT Independent auditors Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

Page 1

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the audited financial statements of the Company for the year ended 31 December 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objects of the charity, as detailed in the Memorandum and Articles of Association, are to advance the orthodox Jewish faith in Great Britain, to establish and support such institutions as will support this object and to advance such other purposes as are recognised as charitable, as the trustees shall determine.

The trustees propose that the charity will achieve these objectives through the promotion of the Jewish religion, the provision of facilities to enable Jewish members of the public to practice the Jewish religion and to enable them to observe the Orthodox Jewish religious dietary laws relating to kosher food.

Public benefit

The trustees confirm that they have complied with the duty in section 2 (1) (b) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

All of the activities that are undertaken by the charity are for the advancement of its charitable purposes and are outlined above.

b. Grant-making policies

Grants are made to charitable institutions and organisations which accord with the objectives of the charity.

c. Volunteers

The majority of the group's work is undertaken by paid employees. Occasional voluntary assistance is provided by the trustees.

Risk management

The Trustees have identified the major risks to which the charity is exposed and are satisfied that systems are in place to manage those risks.

Page 2

UOHC FOUNDATION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

a. Main achievements of the Company

During the year the charity continued to support community projects and paid grants totaling £68,710 (2023: £39,090). The group paid grants totaling £326,710 (2023: £454,090).

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The charity has been able to achieve its objectives as reserves have been maintained to enable it to do so. The trustees have continued the policy of making grants to local charitable organisations and will pursue this policy in the future.

The charity aims to distribute its unrestricted funds as soon as it is able, however at the same time sufficient reserves are maintained to meet annual grants for the foreseeable future. The trustees aim to maintain free, unrestricted reserves equivalent to around three to four months of core expenditure, in order to provide working capital and to safeguard the continuity of essential communal services. As of 31st December 2024, the charity's unrestricted reserves amounted to £1,599,274 (2023: £1,590,029), which is considered adequate to support the charity’s ongoing activities.

c. Material investments policy

The trustees' investment policies are governed by the company’s Memorandum and Articles of Association, which permits the trustees to invest in such assets as they see fit.

d. Principal risks and uncertainties

The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be made so that necessary steps can be taken to lessen these risks.

Risks are classified under headings such as financial, premises, staffing and reputation.

Risk assessments are carried out in order to ascertain the likelihood of a risk event occurring, of its potential impact, and whether any cost-effective mitigating action may be taken.

The major risks relating to these assessments have been identified by the trustees relying on professional advice where appropriate and they are reviewed on a regular basis. The organisation has adequate systems in place accompanied by proper insurance cover which are considered adequate to mitigate major risks.

e. Financial performance

The results for the year show that there was net income for the year of £777 (2023: £41,753). Total income for the year was £11,866,542 (2023: £11,502,075).

Page 3

UOHC FOUNDATION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The trading subsidiaries achieved a net profit for the year ended 31st December 2024 of £70,192 (2023: £26,154).

Structure, governance and management

a. Constitution

UOHC Foundation Limited is a company limited by guarantee, incorporated on 27th April 2015 and registered as a charity on 12th November 2015. The governing document is the company’s Memorandum and Articles of Association dated 27th April 2015.

Reference and administrative details are shown in the schedule of members of the Board and professional advisers on Page 1 of the financial statements.

b. Organisational structure and decision-making policies

Every member of the Board of Trustees undertakes to contribute an amount not exceeding one pound in the event of winding up the company whilst they are a member of the Board or within one year after their membership ceases.

The day to day running of the office is the responsibility of the trustees as well as the provision of professional input into the charity's activities and strategic development.

The trustees meet regularly to review the finances of the Trust and to approve donations.

Professional advice and assistance is sought when deemed necessary.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr J Baumgarten (resigned on 18 February 2025) Mr M Lobenstein Mr J Schonberg Mr M Just

c. Policies adopted for the induction and training of Trustees

New trustees are invited at the suggestion of existing trustees, and are inducted and trained so that they fully understand the aims, objectives and the workings of the charity. New trustees are briefed on their legal obligations under charity law, the committee and decision making processes, the objectives and the financial performance of the charity.

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Plans for future periods

The charity plans to continue its activities as outlined above in forthcoming years subject to satisfactory funding arrangements. The trustees continue to monitor the service effectiveness and efficiency of the charity, with a view to ensuring that the charity continues to meet its key objectives.

Page 4

UOHC FOUNDATION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the people who are Trustees at the time when this Trustees' report is approved has confirmed that:

Small companies provision

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Mr J Schonberg

Trustee

Date: 30 Sep 2025

Page 5

UOHC FOUNDATION LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC FOUNDATION LIMITED

Opinion

We have audited the financial statements of UOHC Foundation Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 6

UOHC FOUNDATION LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC FOUNDATION LIMITED (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 7

UOHC FOUNDATION LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC FOUNDATION LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but it is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with management with the oversight of the trustees.

The extent to which our procedures can detect irregularities, including fraud, is detailed below.

• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with management (as required by auditing standards).

• We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

• Except for any known or possible non-compliance, and as required by auditing standards, our work in respect of these included enquiry of management about company's policies, procedures, and related controls regarding compliance with laws and regulations and if there are any known instances of noncompliance.

• We tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

• We evaluated the selection and application of accounting policies related to subjective measurements and complex transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organized schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

Page 8

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC FOUNDATION LIMITED (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Landau Morley LLP

325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

Date: 30 Sep 2025

Landau Morley LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 9

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Incoming from:
Donations and legacies
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure) before net
gains/(losses) on investments
Net income/(expenditure)
NET MOVEMENT IN FUNDS
FUNDS, brought forward
FUNDS, carried forward		 Notes 2024
Unrestricted
Funds
£
8,700
11,856,210
1,631
11,866,541
11,529,649
336,115
11,865,764
777
777
777
3,503,705
3,504,482		 Total
2024
£
8,700
11,856,210
1,631		 2023
Unrestricted
Funds
64,666
11,436,282
1,127
11,502,075
10,996,254
464,068
11,460,322
41,753
41,753
41,753
3,461,952
3,503,705		 Total
2023
£
64,666
11,436,282
1,127		 Total
2023
4
5
6
7
8
11,866,541 11,502,075
11,529,649
336,115		 10,996,254
464,068
11,865,764 11,460,322
777 41,753
777 41,753
777
3,503,705		 41,753
3,461,952
3,504,482 3,503,705

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 14 to 27 form part of these financial statements.

Page 10

UOHC FOUNDATION LIMITED (A company limited by guarantee)

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024


Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors:
Amounts falling due within one year
Net current assets/liabilities
Total assets less current liabilities
Total net assets
Unrestricted funds
Total funds		 Notes
£
16
6,040,669
18
1,576,279
332,213
1,908,492
19
(4,444,679)
20
2024		 £
£
£
6,056,408
6,040,669
6,056,408
1,213,607
39,359
1,252,966
(3,805,669)
(2,536,187)
(2,552,703)
3,504,482
3,503,705
3,504,482
3,503,705
3,504,482
3,503,705
3,504,482
3,503,705
2023		 £
£
£
6,056,408
6,040,669
6,056,408
1,213,607
39,359
1,252,966
(3,805,669)
(2,536,187)
(2,552,703)
3,504,482
3,503,705
3,504,482
3,503,705
3,504,482
3,503,705
3,504,482
3,503,705
2023
16
18
19
20
3,503,705
3,503,705
3,503,705
3,503,705

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees o n 30 Sep 2025 and signed on their behalf by:

Mr J Schonberg

Trustee

The notes on pages 14 to 27 form part of these financial statements.

Page 11

UOHC FOUNDATION LIMITED COMPANY BALANCE SHEET (A company limited by guarantee) AS AT 31 DECEMBER 2024

Fixed assets
Investment
Current assets
Debtors
Cash at bank and in hand
Creditors
Amounts falling due within one year
Net current assets/liabilities
Total assets less current liabilities
Total net assets
Unrestricted funds
Total funds		 Notes £
673
3,872,052
990
3,873,042
(2,273,768)
2024		 £
£
673
673
3,872,052
128
3,872,179
(2,282,150)
1,599,274
1,599,947
1,599,947
1,599,947
-
1,599,947
2023		 £
673
1,590,029
17
18
19
21
1,590,702
1,590,702
1,590,702
1,590,702

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

and signed on their behalf by:

Mr J Schonberg

Trustee

The notes on pages 14 to 27 form part of these financial statements.

Page 12

UOHC FOUNDATION LIMITED (A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Cash flows from operating activities
Cash (absorbed by)/generated from operations
Interest paid
Income taxes paid
Net cash (outflow)/inflow from operating activities
Cash flows from investing activities
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Borrowings loans
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 Notes
23
 2024
£
358,277
(140,054)
-
218,223
1,631
1,631
73,000
73,000
292,854
39,359
332,213		 2023
£
(745,198)
(30,073)
(13)
(775,284)
1,127
1,127
770,000
770,000
(4,157)
43,516
39,359

The notes on pages 14 to 27 form part of these financial statements

.

Page 13

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The registered office of the company is 325-327 Oldfield Lane North, Greenford, UB6 0FX.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

UOHC Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

2.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Page 14

(A company limited by guarantee)

UOHC FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.6 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements - over the period of the lease
Plant and machinery - 25% reducing balance
Motor vehicles - 20% straight line
Fixtures and fittings - 25% reducing balance

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

No depreciation has been provided on freehold land and buildings as their useful lives and estimated residential values are such that depreciation is not material. Assets are reviewed annually for any impairment.

Page 15

UOHC FOUNDATION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Page 16

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Accounts and transactions which include key estimates include depreciation and tangible assets

4. Income from donations and legacies

Donations
Donations		 Unrestricted
Total
Funds
2024
£
£
8,700
8,700
8,700
8,700
Unrestricted
Total
Funds
2023
£
£
64,666
64,666
64,666
64,666		 Total
2024

5. Income from other trading activities

K Poultry Limited
K Products (London) Limited
K Poultry Limited
K Products (London) Limited		 Unrestricted
Total
Funds
2024
£
£
8,500,034
8,500,034
3,356,176
3,356,176
11,856,210
11,856,210
Unrestricted
Total
Funds
2023
£
£
8,094,938
8,094,938
3,341,344
3,341,344
11,436,282
11,436,282		 Total
2024

Trading activities of the group relate to the trading activities of the charity's subsidiary undertakings outlined in note 28.

Page 17

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Investment income

Unrestricted
Funds
£
Interest receivable
1,631
1,631
Unrestricted
Funds
£
Interest receivable
1,127
1,127		 Total
2024
£
1,631
1,631
Total
2023
£
1,127
1,127

7. Expenditure on raising funds

Other trading expenses

Unrestricted Total
Funds 2024
£ £
K Poultry Limited 6,883,145 6,883,145
K Products (London) Ltd 3,271,834 3,271,834
Staff costs 1,374,670 1,374,670
11,529,649 11,529,649
Unrestricted Total
Funds 2023
£ £
K Poultry Limited 6,634,316 6,634,316
K Products (London) Ltd 3,115,098 3,115,098
Staff costs 1,246,840 1,246,840
10,996,254 10,996,254

Page 18

(A company limited by guarantee)

UOHC FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. Charitable activities

Summary by expenditure type

Summary by expenditure type
Grant funding of activities
Support costs
Summary by expenditure type
Grant funding of activities
Support costs		 Unrestricted
Funds
£
326,710
9,405
336,115
Unrestricted
Funds
£
454,095
9,973
464,068		 Total
2024
£
326,710
9,405		 Total
2024
336,115
Total
Total
2023
£
454,095
9,973		 Total
Total
2023
464,068

9. Grants payable

Grants to institutions
Grants to institutions
Name of institution
The Union of Orthodox Hebrew Congregations
UOHC Supervision Limited
Beis Aharon Trust
Reb Shayale's Tzeduka
College for Higher Rabbinical Studies
Other grants < £10,000

Institutional grants are made to institutions which share the same objectives and ethos as the Charity and contribute to further communal development.

Page 19

(A company limited by guarantee)

UOHC FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Support costs

Audit & accountancy fees
Bank charges
Audit & accountancy fees
Bank charges		 Support
Total
cost
2024
£
£
9,304
9,304
102
102
9,405
9,405
Support
Total
cost
2023
£
£
9,871
9,871
102
102
9,973
9,973

11. Auditors' remuneration

Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
The auditing of the accounts of the subsidiaries of the Charity
All non-audit services not included above		 2024
2023
£
£
9,304
9,871
23,345
23,500
11,834
12,838
44,483
46,209

Page 20

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2024
2023
£
£
1,244,233
1,757,678
107,584
144,528
22,854
36,660
1,374,671
1,938,866		 Charity
2024
£
-
-
-
-		 2023
£
-
-
-
-

The average number of persons employed by the group during the year was as follows:

2024 Group No. 2023
50 49

No employee received remuneration amounting to more than £60,000 in either year.

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL)

During the year ended 31 December 2024, no Trustee expenses were incurred (2023 - £NIL) .

14. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15 . Operating lease commitments

At the reporting end date the group had outstanding commitment for future minimum lease payments under non-cancellable operating leases were £6,414 (2023- £12,335)

Page 21

(A company limited by guarantee)

UOHC FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Tangible fixed assets

Group
NET BOOK VALUES
Freehold property
Leasehold improvements
Plant and machinery
Motor vehicles
Fixture and fitting
MOVEMENTS IN YEAR
Cost
Freehold property
Leasehold improvements
Plant and machinery
Motor vehicles
Fixture and fitting
Depreciation
Freehold property
Leasehold improvements
Plant and machinery
Motor vehicles
Fixture and fitting		 Opening
Balances
£
6,000,000
35,302
561,509
58,308
33,778
6,688,897
Opening
Balances
£
-
14,442
556,717
31,582
29,748
632,489		 Additions
£
-
-
-
-
-
-
Charge
For Year
£
-
4,814
1,198
8,721
1,008
15,740		 2024
£
6,000,000
16,046
3,594
18,004
3,023
6,040,669
Disposals
£
-
-
-
-
-
Disposals
£
-
-
-
-
-		 2023
£
6,000,000
20,860
4,792
26,725
4,030		 2023
£
6,000,000
20,860
4,792
26,725
4,030		 2023
6,056,408
Closing
Balances
£
6,000,000
35,302
561,509
58,308
33,778		 Closing
Balances
6,688,897
Closing
Balances
£
-
19,256
557,915
40,304
30,755
648,228

Land and buildings with a carrying amount of £260,034 (land of £50,000 and buildings of £210,034) were revalued at 31 December 2021 on the basis of market value. The Group has retained the values at their previously revalued amounts.

Page 22

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Fixed asset investments

Company
Cost or valuation
At 1 January 2024
Addition at cost
Net gains on fair value adjustment
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Investment in
subsidiary
companies
£
673
-
-		 Investment in
subsidiary
companies
£
673
-
-
673
673
673

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2024
£
1,257,954
-
221,720
96,605		 Group 2023
£
921,917
-
164,689
127,001
1,213,607		 Company
2024
2023
£
£
-
-
3,872,052
3,872,052
-
-
-
-
3,872,052
3,872,052
1,576,279

Page 23

UOHC FOUNDATION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

19. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other Creditors
Amounts due to group undertakings
Accruals and deferred income		 2024
2023
£
£
978,473
458,730
104,775
143,596
3,195,648
3,099,206
-
-
165,783
104,137
4,444,679
3,805,669
Group		 Company
2024
2023
£
£
-
-
-
-
1,565,000
1,565,000
699,497
699,497
9,270
17,653
2,273,767
2,282,150

20. Statement of funds – Group

Statement of funds - current year
Unrestricted funds
General fund
Revaluation reserve
Total of funds
Statement of funds - prior year
Unrestricted funds
General fund
Revaluation reserve
Total of funds		 Balance as
at 01.01.2024
£
(2,236,260)
5,739,965
3,503,705
Balance as
at 01.01.2023
£
(2,278,013)
5,739,965
3,461,952		 Income
£
11,866,541
-
11,866,541
Income
£
11,502,075
-
11,502,075		 Expenditure
£
(11,865,764)
-
(11,865,764)
Expenditure
£
(11,460,322)
-
(11,460,322)		 Taxation
£
-
-
-
Taxation
£
-
-
-		 Gains/
(Losses)
£
-
-
Gains/
(Losses)
£
-
-		 Balance as
at 31.12.2024
£
(2,235,483)
5,739,965
3,504,482
Balance as
at 31.12.2023
£
(2,236,260)
5,739,965
3,503,705

Page 24

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. Statement of Funds (continued) – Charity

Statement of funds - current year
Unrestricted funds
General fund
Total of funds
Statement of funds - prior year
Unrestricted funds
General fund
Total of funds		 Balance as
at 01.01.2024
£
1,590,702
1,590,702
Balance as
at 01.01.2023
£
1,558,961
1,558,961		 Income
£
87,361
87,361
Income
£
80,804
80,804		 Expenditure
£
(78,116)
(78,116)
Expenditure
£
(49,063)
(49,063)		 Taxation
£
-
-
Taxation
£
-
-		 Transfers
in/(out)
£
-
-
Transfers
in/(out)
£
-
-		 Gains/
(Losses)

£
-
-
Gains/
(Losses)

£
-
-		 Balance as
at 31.12.2024
£
1,599,947
1,599,947
Balance as
at 31.12.2023
£
1,590,702
1,590,702
22.
Analysis of net assets between funds
Analysis of net assets between funds
Fixed assets
Net current assets / (liabilities)
Analysis of net assets between funds
Fixed assets
Net current assets / (liabilities)		 - current year
Group
Unrestricted
Total
£
£
6,040,669
6,040,669
(2,536,187)
(2,536,187)
3,504,482
3,504,482
- prior year
Group
Unrestricted
Total
£
£
6,056,408
6,056,408
(2,552,703)
(2,552,703)
3,503,705
3,503,705		 - current year
Group
Unrestricted
Total
£
£
6,040,669
6,040,669
(2,536,187)
(2,536,187)
3,504,482
3,504,482
- prior year
Group
Unrestricted
Total
£
£
6,056,408
6,056,408
(2,552,703)
(2,552,703)
3,503,705
3,503,705		 Group Group Unrestricted
£
673
1,599,274		 Charity
Total
£
673
1,599,274
Total
3,504,482 3,504,482 1,599,947 1,599,947
- prior year
Unrestricted
£
6,056,408
(2,552,703)		 Group
Total
£
6,056,408
(2,552,703)		 Group Unrestricted
£
673
1,590,029		 Charity
Total
£
673
1,590,029
Total
3,503,705 3,503,705 1,590,702 1,590,702

Page 25

UOHC FOUNDATION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year (as per Statement of Financial Activities)
Adjusted for:
Depreciation charges
Amortisation charges
Less rent received on investment property
Loss/(Gains) on investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Other adjustment
Net cash used in operating activities		 Group
2024
2023
£
£
777
41,753
15,740
18,023
-
-
-
-
-
-
-
-
(362,672)
21,063
704,433
(85,002)
(1)
6
358,277
(4,157)		 Group
2024
2023
£
£
777
41,753
15,740
18,023
-
-
-
-
-
-
-
-
(362,672)
21,063
704,433
(85,002)
(1)
6
358,277
(4,157)
(4,157)

24. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents
25.
Analysis of changes in net debt
Cash at bank and in hand		 Group
2024
£
332,213
332,213
Balance as
at 01.01.2024
Cash flows
£
£
39,359
292,854
39,359
292,854		 2023
£
39,359
39,359
Balance as
at 31.12.2024
£
332,213
332,213

26. Related party transactions

During the year, the group received donations of £Nil (2023: £ 37,000) from The Union of Orthodox Hebrew Congregations Limited and paid donations of £258,000 (2023: £415,000 ) to that charity, a charitable company with common trustees.

Page 26

UOHC FOUNDATION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

27. Controlling party

The charity is under the control of the trustees

28. Principal subsidiaries

The following were subsidiary undertakings of the Charity:

Company
Names Number Control by the Charity
K Poultry Limited 02931455 100%
K Products (London) Limited 07896608 100%
Kedassia Limited 03059745 100%
KKPL Limited 13419530 100%

The subsidiary companies noted above are limited by guarantee without share capital. Their registered office address in England and Wales is325-327 Oldfield Lane North, UB6 0FX.

The financial results of the subsidiaries for the year were:

Profit/(Loss)/
Surplus/
(deficit) for Net assets/
Names Income Expenditure the year (liabilities)
£ £ £ £
K Poultry Limited 8,500,034 (8,496,782) 3,252 5,715,607
K Products (London) Limited 3,356,176 (3,289,236) 66,940 157,728
Kedassia Limited - - - (16,074)
KKPL Limited - - - 1

Page 27